The expansion will bring the two-story, 53,000 square foot, Class A medical office building’s occupancy to 100 percent. Stephen Lawson, UTSW’s Director of Real Estate Services, represented the tenant in the negotiations and Pam Perkins, Vice President and Director of PMRG’s Healthcare Group, represented the landlord in the transaction.

“UTSW is a valued tenant at Tuscan Professional Building and we are pleased the medical center has chosen to grow within this quality asset,” said Perkins. “UT Southwestern, along with the other highly respected tenants within the property, will all benefit from the synergy this expansion will create.”

PMRG developed the Tuscan Professional Building in Las Colinas in 2004, as a build-to-suit project for a group of private physician owners. PMRG continues to provide both management and leasing services for the building’s current ownership.

“This provides a fantastic platform for UTSW to deliver high quality medical services for the Irving/Las Colinas community in a professional, efficient and collaborative environment. This transaction will allow them to expand their existing Ob/Gyn services, as well as offer new Imaging, Orthopedic and other specialty services,” said Perkins.

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.